If $1,000 is invested at an

interest rate of 10% per year,

compounded monthly, find

the amount of the investment

at the end of 4 years.

Question

Mathematics

Amaya Stewart

3 October, 01:45

If $1,000 is invested at an

interest rate of 10% per year,

compounded monthly, find

the amount of the investment

at the end of 4 years.

+2

Answers (1)

Know the Answer?

Landin Irwin · Answer 1

probably 5 or so?

Step-by-step explanation:

I'm really not to sure myself but its around the 5-10s but if you're rounding at the nearest 430s it would be around the 20-30s or so if you ignore the order of operations just from just by doing mental maths I can conclude this with certainty.

If $1,000 is invested at aninterest rate of 10% per year,compounded monthly, findthe amount of the investmentat the end of 4 years.

If $1,000 is invested at an

interest rate of 10% per year,

compounded monthly, find

the amount of the investment

at the end of 4 years.